Auto Insurance Guide Archive for October, 2009

Every state in the United States has its own set of rules. There are a set of rules aimed at safeguarding the motorists and drivers on the road. Each and every driver has to adhere to these rules and restrictions. Any violation from these rules would mean penalisation depending on the seriousness of the offense. Ohio has strict financial responsibility laws. These laws state that if a driver has taken his vehicle out on the road, he should have proof of financial responsibility. Financial responsibility is where a person can pay for any damages he might cause in an accident. There are two aspects of financial responsibility. These include minimum liability and property damage coverage.

Minimum liability is where a person pays for any bodily harm he might have caused another person. The minimum amount required to cover cots is twelve thousand five hundred dollars per person in an accident. … Click here to read more

The state of Ohio has made auto insurance mandatory. If you do not have auto insurance, you need to have documents proving your financial responsibility. Financial responsibility laws are fairly simple. According to these laws, a motorist must be able to take financial responsibility in the event of an accident. Auto insurance proves the person has the finances needed to pay for damages. If you do not have auto insurance, you can file a bond with the state treasurer for an amount of thirty thousand dollars. This gives proof of your financial responsibility.

Auto insurance is mandatory and has to be purchased by everyone. However, auto insurance might not have to be very expensive. There are many discounts available in the market.

Compare shop. Go to many different vendors and ask for quotes. Rates very from vendor to vendor and you can choose the one best suited for you. Good … Click here to read more